Cardano will continue to change over the next year, with the Cardano Roadmap setting out new capabilities and features for the network.
Cardano, and its ADA token, is another cryptocurrency that will see a dramatic increase in price during 2021.
As with the launch of Ethereum 2.0, Cardano will see further changes in 2022.
With Cardano now in its third phase after Byron and Shelley, when will the next update be released?
After the full launch of Cardano Goguen in late 2021, along with the hard fork of the Cardano Alonzo mainnet, the next stage in the Cardano roadmap is the Basho upgrade.
The Cardano Basho era will hope to improve the scalability of the network, adding sidechains to relieve pressure on the main chain. It is expected to go live sometime in 2022.
However, the most immediate upgrade on the roadmap is the Cardano Vasil hard fork, which is expected to reduce the cost of large transactions.
After the Cardano Basho era, the final stage of the network is Voltaire. This governance phase will introduce a voting and treasury system that allows holders to have a more direct impact on the decentralised network, as Cardano moves away from IOHK management.
Alongside this, Cardano Hydra Layer-2 will hope to improve scaling by increasing the number of transactions per second on the network.
Cardano Djed, the network’s algorithmic stablecoin, is also scheduled to launch later this year.
LATEST CARDANO UPDATES
Cardano’s website receives frequent updates related to the latest developments on the network.
The latest update on 21 April provides a brief update on hydra L2, stating that the Hydra team “added functionality to the Hydra node that allows you to start tracking the chain at a point in the past and recover from potential outages or problems”.
It also gives more information on preparing for the Vasil hard fork, and states that a “10% block size increase” is coming as the main network improves.
These updates also give some statistics on projects using Cardano, which expanded dramatically after the launch of Cardano Smart Contracts. 910 projects are building on Cardano, with over 5000 Cardano NFT projects also available.